In 2020, miHoYo raised nearly $ 800 million and doubled its staff. Thanks to Genshin Impact, The success of the anime-style RPG is a complete surprise

The other day, Cai Haoyu, co-founder and head of the Chinese miHoYo, spoke online with the help of Zoom to the graduates of Shanghai Jiaotong University.

Tsai said the company earned over ¥ 5 billion (~ $ 774 million) last year and has grown 70% to 2,400 people, 700 of whom are working on the hit anime ARPG Genshin Impact, which debuted in late September. He also confirmed the estimated annual support costs of the project of $ 200 million, although initially only $ 100 million was required for development.

The studio plans to open offices in the US and Singapore in addition to divisions in Japan, South Korea and Canada. That being said, the phenomenal success of Genshin Impact came as a surprise to developers who tried not to chase profit margins and were rumored to have pulled out of Tencent’s investment.

Recall that in just two months after the release, the game brought, according to experts, $ 393 million only on Android and iOS. Do not discount the PC and PlayStation 4 versions. Bloomberg sent miHoYo a request to confirm the information voiced by Tsai, but was refused.

You can discuss Genshin Impact in a separate section on our forum.

A source: | MMO Culture


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